African Gold Group, Inc., is pleased to report that diamond drilling has resumed at its Mankranho concession in Ghana, West Africa.
The Mankranho concession is located at the northeastern end of the Sefwi Gold Belt in Ghana and lies along strike and contiguous to Newmont Mining Corp.’s (“Newmont”) 10.6 M oz Ahafo gold project, where a US$425 million plant is being constructed and production has been scheduled for Q3, 2006.
The Mankranho concession has been subdivided into four separate areas (Area I, II, III and IV) based on historical and current soil sampling, pitting, trenching, ground magnetic and IP geophysics (see attached map).
The decision to resume drilling follows the compilation and thorough review of a technical report that details AGG’s Phase I and II exploration programs on the Mankranho concession to date.
Mr. Greg Hawkins, P. Geo., a director of AGG, said, “Our resumption of diamond drilling is focused on priority targets generated by IP surveys that have delineated two distinct, deep, coincident, high resistivity (+2,000 ohm/m) and high chargeability targets (+15 msec) located within both Area I — South and Area I — North. We are drilling down dip of the already established zones of gold mineralization to test these targets to a depth of approximately 300 vertical metres. A third target, exhibiting similar geophysical characteristics, has been identified in Area II of the Mankranho concession and represents the first diamond drill hole in this region. We anticipate drilling a total of 1,000 metres to test these three high priority geophysical targets. This program is consistent with the exploration model previously established by both Normandy and Newmont in the exploration of their Ahafo licenses to our immediate south. We are pleased that drilling is underway once again at Mankranho.”
All samples from this drill program will be shipped to Eco-Tech Laboratory Ltd. of Kamloops, Canada, for analysis.
African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. The Company’s immediate focus is to systematically explore both surface, and in particular, subsurface targets that have been identified within the Company’s current portfolio of gold mineralized concessions.
Additional Information is available on www.sedar.com or at
AFRICAN GOLD GROUP INC.
151 Yonge St.
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